Bear Stearns CEO Sells His Holdings For $61.3M
NEW YORK — Bear Stearns Cos. Chairman James Cayne on Thursday sold his holdings in the embattled investment bank ahead of its expected acquisition by JPMorgan Chase & Co.
Cayne sold 5.66 million shares for exactly $10.84 a share for $61.3 million. However, it was not known if those shares were dumped into the open market or if Cayne sold them to another party.
A spokesman for Bear Stearns would not comment on the sale.
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Cayne sold 5.66 million shares for exactly $10.84 a share for $61.3 million. However, it was not known if those shares were dumped into the open market or if Cayne sold them to another party.
A spokesman for Bear Stearns would not comment on the sale.
LinkHere
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